Canadian Western Bank

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Canadian Western Bank
Type Public company
Founded Edmonton, Alberta , 1988
Headquarters Edmonton, Alberta, Canada
Key people Larry Pollock
Industry Bank
Products Financial services
Revenue $221.8 million CAD (2006)
Employees 1,025 (2005)
Website http://www.cwbankgroup.com/

The Canadian Western Bank (TSX: CWB) is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.

Contents

[edit] History

The bank was formed in 1988 by amalgamation of the Western & Pacific Bank of Canada (chartered in 1982) and the Bank of Alberta (chartered in 1983).[1]

In 1993, it acquired Western Canadian branches of Metropolitan Trust. In 1994, Canadian Western Bank and North West Trust Company amalgamated as Canadian Western Bank. In 1996, it acquired BC Bancorp (chartered in 1967), and purchased the Aetna Trust Company, which was renamed Canadian Western Trust Company. In 2001, it acquired the Kelowna and Regina branches of the Laurentian Bank of Canada.

[edit] Mergers

Other financial services acquired by CWB:

  • Bank of Alberta (chartered 1983)
  • Western Canadian Branches of Metropolitan Trust 1983
  • Acquired BC Bancorp (chartered 1967) 1996
  • Aetna Trust Company 1996 - renamed Canadian Western Trust Company 1996
  • Canadian Western Capital Ltd (formerly Majendie Charlton Securities Ltd.) 1997 - sold to Goepel McDermid Inc 2000
  • Kelowna and Regina branches of Laurentian Bank 2001
  • Canadian Direct Insurance Inc. (CDII) 2004
  • Valiant Trust Company 2004
  • Acquired branch of National Bank of Greece (Canada) 2005

[edit] Services

Services provided by CWB:

  • Mortgages
  • Loans
  • Personal accounts
  • Investment products
  • Business accounts
  • (Small) business lending
  • Insurance
  • Credit Card (MasterCard)

[edit] Membership

CWB is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:

See also: List of Canadian banks

[edit] External links

[edit] References

  1. ^ Canadian Western Bank - History. Canadian Western Bank. Retrieved on 2006-04-24.


Commercial banks in Canada
AMEX Bank of Canada | ATB Financial | Bank of Montreal | BDC | CIBC | CTFS | Canadian Western Bank | Citibank Canada | Citizens Bank of Canada | First Nations | HSBC Bank Canada | Laurentian Bank | Manulife | National Bank | President's Choice Financial | RBC | Scotiabank | TD Canada Trust